Tuesday, March 17, 2009

Will the Press Herald Survive?

As newspapers around the country close or go online only, the Portland Press Herald seemed to have a savior. But the sale to Rich Connor is by no means a done deal.
"And even if the PPH and WS bargaining units agree to go along with 'Tin Cup' Dick, it is not at all clear that Connor can raise the investment capital required to buy out the Blethens. To date, Connor has been more sales-pitch bluster than cash. His embarrassing and ill-considered plea last week that the state retirement board make a multi-million investment in his venture, has been formally turned down, as reported today by Media Mutt Al Diamon."

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